Across
- 5. Anything of value that a business owns
- 6. Debts that the business owes
- 8. Money received by a business or an individual from outside sources
- 11. sheet: A financial statement that captures the financial condition of the business at that particular moment
- 12. statement: A financial summary that shows how much money the business has made or has lost; also called the profit-and-loss statement
- 14. cycle: A process or series of steps that businesses complete to maintain their financial records effectively
- 15. An individual who has had specialized training in accounting procedures
- 19. of assets: Finance activity involving making decisions about a firm’s investments
Down
- 1. equity: The amount an owner has invested in the business plus or minus profits and losses
- 2. of funds: Finance activity involving making decisions about financing
- 3. The monies that a business spends; also called expenditures
- 4. investment decisions: Decisions that determine which projects a business will invest in, how the investment(s) will be financed, and whether to pay dividends to shareholders
- 7. The process of keeping financial records
- 9. statement: A summary of accounting information
- 10. worth: The total value of the business
- 13. standards: Rules that accountants must follow when preparing financial statements
- 16. A sum of money paid to an investor or stockholder as earnings on an investment
- 17. flow statement: A financial summary with estimates as to when, where, and how much money will flow into and out of a business
- 18. In business, the function that involves all money and money management matters